HDFC AMC shares surged 5% after Jefferies issued a bullish call on the asset manager following its Q4 results, even as the underlying financials showed a sharp contraction. Net profit fell 19% year-on-year to Rs 623 crore from Rs 769 crore, while total income declined 13.4% to Rs 1,063 crore. The gap between weak reported numbers and a positive analyst call suggests Jefferies is pricing in a recovery or structural growth thesis beyond the current quarter's performance. Investors will be watching whether the Jefferies upgrade is followed by broader institutional re-rating or whether the earnings trajectory pressures the stock once the initial momentum fades. The 5% single-session move signals the market is willing to look past near-term margin compression, but the durability of that sentiment depends on management guidance and fund flow trends in upcoming quarters.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
